Common use of Conversion of Advances Clause in Contracts

Conversion of Advances. The Borrower may on any Business ---------------------- Day, upon notice given to the Administrative Agent not later than 11:00 A.M. (New York City time) on the third Business Day prior to the date of the proposed Conversion and subject to the provisions of (S)(S)2.07 and 2.09, Convert all Tranche X Advances of one Type comprising the same Loan into Tranche X Advances of the other Type; provided that, -------- (a) while the Second LIBOR Method is applicable, (i) any Conversion of LIBOR Advances into Base Rate Advances shall be made only on the last day of an Interest Period for such LIBOR Advances, and (ii) the Borrower may not Convert Base Rate Advances into LIBOR Advances if, (A) after giving effect to such Conversion, there would be more than three Interest Periods in effect or (B) the Advances to be Converted would be less than the minimum amount specified in (S)2.02(b), and (b) while the First LIBOR Method is applicable, the Borrower may not Convert any Advances of one Type into Advances of the other Type unless it Converts all Advances of one Type into Advances of the other Type. Each such notice of a Conversion shall, within the restrictions specified above, specify (x) the date of such Conversion, and (y) the Advances to be Converted. Each notice of Conversion shall be irrevocable and binding on the Borrower.

Conversion of Advances. The Borrower may on any Business ---------------------- Day4.8.1 Subject to the terms and conditions of this Agreement, upon notice given by Borrower to the Administrative Agent not later than 11:00 A.M. 12:00 noon (New York City Boston, Massachusetts time) (i) in the case of Conversions into Prime Rate Advances on the third date of the proposed Conversion, and (ii) in the case of Conversions into LIBOR Advances on the second Business Day prior to the date of the proposed Conversion and subject to the provisions of (S)(S)2.07 and 2.09Conversion, Convert all Tranche X Advances of Borrower may Convert, on any Business Day, one Type comprising the same Loan of Advance made to Borrower into Tranche X Advances another Type of the other TypeAdvance; provided thatprovided, -------- however, that (a) while the Second LIBOR Method is applicable, (i) any Conversion of LIBOR Advances into Base Rate Advances shall may be made only on the last day of an the respective Interest Period for such LIBOR Advances, and (ii) the Borrower may not Convert Base Rate Advances into LIBOR Advances if, (A) after giving effect to such Conversion, there would be more than three Interest Periods in effect or (B) the Advances to be Converted would be less than the minimum amount specified in (S)2.02(b), and (b) while any Advance Converted to a LIBOR Advance shall be in an amount of $1,000,000.00 or more, and (c) no Advance may be Converted to a LIBOR Advance during the First LIBOR Method is applicable, continuance of any event which would entitle Agent to accelerate the Borrower may not Convert any Advances of one Type into Advances maturity of the other Type unless it Converts all Advances of one Type into Advances of the other Type. Notes pursuant to Section 13.2 hereof. 4.8.2 Each such notice of Conversion (a Conversion "Notice of Conversion") shall be by telephone, telecopy, telex or cable, in each case confirmed immediately in writing in the manner specified in Article 23 of this Agreement, and shall, within the restrictions specified above, specify (xi) the date of such Conversion, and (yii) the Advances to be Converted, and (iii) if such Conversion is to LIBOR Advances the duration of the initial Interest Period for such Advances. Each notice Notice of Conversion with respect to LIBOR Advances shall be irrevocable and binding on Borrower. Any part of the BorrowerLoan outstanding which is not accruing interest at LIBOR or the Default Rate shall accrue interest at the Prime Rate.

Conversion of Advances. The Borrower may on any Business ---------------------- Day, upon notice given to the Administrative Agent not later than 11:00 A.M. (New York City time) on the third Business Day prior to the date of the proposed Conversion and subject to the provisions of (S)(S)2.07 Section 2.07 and 2.09, Convert all Tranche X Facility A or Facility B Advances of one Type comprising the same Loan into Tranche X Facility A or Facility B Advances of the other Type; provided that, ----------------------------------------------------------------------------------- * CONFIDENTIAL INFORMATION HAS BEEN OMITTED AND FILED SEPARATELY WITH THE SEC (a) while the Second LIBOR Method is applicable, (i) any Conversion of LIBOR Advances into Base Rate Advances shall be made only on the last day of an Interest Period for such LIBOR Advances, and (iib) the Borrower may not Convert Base Rate Advances into LIBOR Advances if, (A) after giving effect to such Conversion, there would be more than three Interest Periods in effect or (B) the Advances to be Converted would be less than the minimum amount specified in (S)2.02(bSection 2.02(b), and (b) while the First LIBOR Method is applicable, the Borrower may not Convert any Advances of one Type into Advances of the other Type unless it Converts all Advances of one Type into Advances of the other Type. Each such notice of a Conversion shall, within the restrictions specified above, specify (x) the date of such Conversion, and (y) the Advances to be Converted. Each notice of Conversion shall be irrevocable and binding on the Borrower.

Conversion of Advances. The Borrower may on any Business ------------ ---------------------- Day, ,upon notice given to the Administrative Agent not later than 11:00 A.M. (New York City time) on the third Business Day prior to the date of the proposed Conversion and subject to the provisions of (S)(S)2.07 S)(S) 2.07 and 2.09, Convert all Tranche X -------------------- Advances of one Type comprising the same Loan into Tranche X Advances of the other Type; provided that, -------- (a) while the Second LIBOR Method is applicable, (i) any Conversion of LIBOR Advances into Base Rate Advances shall be made only on the last day of an Interest Period for such LIBOR Advances, and (iib) the Borrower may not Convert Base Rate Advances into LIBOR Advances if, (A) after giving effect to such Conversion, there would be more than three Interest Periods in effect or (B) the Advances to be Converted would be less than the minimum amount specified in (S)2.02(bS) 2.02(b), and (b) while the First LIBOR Method is applicable, the Borrower may not Convert any Advances of one Type into Advances of the other Type unless it Converts all Advances of one Type into Advances of the other Type. ----------- Each such notice of a Conversion shall, within the restrictions specified above, specify (x) the date of such Conversion, and (y) the Advances to be Converted. Each notice of Conversion shall be irrevocable and binding on the Borrower.